Servicing

Bayside Communities LLC has acquired controlling interest in 20 multifamily properties that were part of the affordable and senior housing portfolio of bankrupt AF Evans Development Inc.

Since Equator launched its loan segmentation module in February, there have been more than 70,000 loans processed using this tool in the first quarter.

UC Funding recently structured and funded a $14.7 million bridge loan to WP Carlisle Associates LP.

Thanks to lower interest rates, mortgage applications increased 4% on a seasonally adjusted basis for the week ending April 29, according to new figures released by the Mortgage Bankers Association.

Moody's Investors Service late Tuesday downgraded Bank of America’s residential servicing ratings, citing continuing challenges the nation’s largest servicer faces with its 2008 purchase of Countrywide Financial Corp.

Automated valuation model provider Veros Real Estate Solutions makes the case for the use of analytical technology in determining the value of real estate owned portfolios in a white paper published this week.

Freddie Mac’s capital market chief, Peter J. Federico, a 23-year veteran of the GSE, announced that he is leaving the company in mid-May.

It is a renter’s market. So Beazer Homes of Atlanta, one of the country’s top-10 homebuilders, is betting on affordable, distressed home rental opportunities—for now.

Pre-disaster management counseling and training issues are high up on the agenda of the Federal Emergency Management Agency.

Pacific Union Financial LLC, Walnut Creek, Calif., has launched a new correspondent division to purchase already funded residential loans from mortgage bankers, community banks, and credit unions.